Coastal Delaware Market Analyses


2015 Market Predictions
We believe the Coastal Delaware real estate market remains very strong as we head into the spring selling season.  Year-to-Date 2015 posted a 16.8% increase over YTD 2014 in number of properties sold and we have a record number of showings and buyer appointments for these winter months. There is a balance of buyers and sellers in what seems to be as close to equilibrium as you can get in a real estate market. This is quite different from the imbalances we have seen over the past decade with a greater demand for properties than supply from 2004-2007 and a greater supply of properties than buyers from 2008-2013. Mortgage rates still remain at historic lows and underwriting standards have become more reasonable for buyers. The rates and underwriting standards are both helping borrowers to buy primary and second homes.

If you are considering placing your home on the market, please contact us today to discuss your marketing and sales plan, including staging and pricing. We are happy to help assist with any of your real estate needs, whether that may be buying, selling, or renting a property.


 The State of the Market

Coastal Delaware Market Analysis 2014 vs 2013 - Key Observations


Click here for the complete Year-to-Year Comparison of the Coastal Delaware Real Estate Market



Luxury Market Report

Taking a look at the luxury market in 2014 versus 2013, the biggest story is the number of over $1MM properties sold. In 2014, 128 properties over $1MM were sold, compared to 90 properties in 2013, equating to a 38% increase in the luxury market. Based on current number of active luxury listings (132), we believe pricing will remain strong due to low (one year) supply.

Click here for the complete Market Analys
is of $1M+ Properties




Delaware Coastal Resort Area by Zip Code

Single Family Home Sales (2013 vs 2014)                            Condo and Townhome Sales (2013 vs 2014)



 —  MARKET  ANALYSES  FOR  INDIVIDUAL  RESORT  AREAS  —

Rehoboth Beach

 

Bethany Beach

 

Lewes